About Lyme Adirondack Timberlands

In August 2006, The Lyme
Forest Fund Limited Partnership (LFF) purchased 276,000 acres in New
York’s Adirondack Park from The International Paper Company (IP). The
property is comprised of tracts ranging in size from 600 acres to
40,000 acres scattered across nine counties and 34 towns within the
Park. The parcels are in the north, south, east and west, ringing the
high peaks found in the center of the Park and covering about ten
percent of the Park’s privately owned forest land.

Forest Management. The property is operated through a subsidiary of LFF - the Lyme Adirondack Forest Company (LAFCo) - and is third-party certified as sustainably managed under the terms of the Forest Stewardship Council (FSC) and the Sustainable Forestry Initiative (SFI). LAFCo will
continue to manage under these guidelines and will work to encourage
the growth of higher value sawtimber and veneer grades in order to
promote long term value accretion.

Lyme Adirondack Forest Co has completed a working forest conservation easement on its 276,000 acres
with the State of New York. The easement will restrict subdivision and
further development on the property, provide for certain public
recreation rights and require sustainable forestry operations that
protect water quality and wildlife habitat and ensure the long term
maintenance of the forest resource in an environmentally sound manner.
Traditional leases for hunting, fishing and other outdoor recreational
activities will be maintained.